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Morningstar

Nuveen CA High Yield Municipal Bond A NCHAX

Morningstar Medalist Rating
Medalist Rating as of | See Nuveen Investment Hub
  • NAV / 1-Day Return 7.77  /  +0.01 %
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    0.810%
  • Expense Ratio 1.510%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 4.07%
  • Effective Duration 12.59 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 12:11 AM GMT+0

Morningstar’s Analysis NCHAX

Will NCHAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NCHAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NCHAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of NCHAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Nuveen CA High Yield Municipal Bond A to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings NCHAX

More NCHAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fixed Income Clearing Corp Repo

3.36 36.9 Mil
Cash and Equivalents

CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REV 4%

2.20 24.1 Mil
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.5%

1.53 16.8 Mil
municipal

TENDER OPT BD TR RCPTS / CTFS VAR STS 7.04%

1.49 16.4 Mil
municipal

CSCDA CMNTY IMPT AUTH CALIF ESSENTIAL HSG REV 4%

1.36 14.9 Mil
municipal

TENDER OPT BD TR RCPTS / CTFS VAR STS 2.62%

1.34 14.7 Mil
municipal

SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV 5%

1.27 13.9 Mil
municipal

PUERTO RICO COMWLTH 4%

1.25 13.8 Mil
municipal

CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REV 5%

1.13 12.4 Mil
municipal

PUERTO RICO COMWLTH 4%

0.96 10.6 Mil
municipal